I spoke to Cann today. Easy to get a hold of investor relations (first call) and very open and transparent. My take on the convo;
- Market has overestimated recreational demand in Canada/US which is driving overall sentiment on cannabis... medicinal is a completely different proposition.
- No indication that anything will change with aurora at this point despite recent withdrawals of canopy etc at AC8. Aurora still require supply of medicinal as part of offtake agreement.
- All continuing to go ahead with site at Echuca
My thoughts; announcement re funding for Echuca immanent and they should look to stagger the development of the Echuca site to help with cash flow/finance with no CR needed.
I honestly think these guys are the pick of the bunch to supply Australia/NZ with MC and also export as required.
DYOR
CAN is the Only future aus viable Big producer on the asx out of any1 really and will be Supported, page-12
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